Nationwide Fund Advisors maintained its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,007 shares of the financial services provider’s stock at the end of the 2nd quarter. Nationwide Fund Advisors owned 0.06% of Old Second Bancorp worth $208,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in OSBC. Prudential Financial Inc. grew its stake in shares of Old Second Bancorp by 7.4% during the first quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 1,100 shares during the period. American International Group Inc. grew its stake in shares of Old Second Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 17,704 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 1,175 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of Old Second Bancorp by 12.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 20,854 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 2,338 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Old Second Bancorp during the second quarter worth $236,000. Finally, Trexquant Investment LP acquired a new stake in shares of Old Second Bancorp during the second quarter worth $254,000. 66.65% of the stock is owned by institutional investors and hedge funds.

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Old Second Bancorp, Inc. (NASDAQ:OSBC) opened at $12.55 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $370.34, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Old Second Bancorp, Inc. has a twelve month low of $8.55 and a twelve month high of $14.90.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. equities analysts predict that Old Second Bancorp, Inc. will post 0.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Friday, October 27th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.04 annualized dividend and a yield of 0.32%. Old Second Bancorp’s dividend payout ratio is presently 6.45%.

OSBC has been the subject of a number of analyst reports. DA Davidson initiated coverage on Old Second Bancorp in a research note on Friday, September 1st. They set a “neutral” rating and a $13.00 price objective for the company. BidaskClub cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.50 price objective on shares of Old Second Bancorp in a research note on Thursday, July 27th. Finally, ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $13.50.

In other Old Second Bancorp news, Director John Ladowicz sold 10,096 shares of Old Second Bancorp stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total transaction of $145,382.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William B. Skoglund sold 5,450 shares of Old Second Bancorp stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total value of $66,217.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,346 shares of company stock worth $623,302. Corporate insiders own 3.60% of the company’s stock.

About Old Second Bancorp

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Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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